Six Flags Entertainment Corp (NYSE:SIX) does about 852.84K shares in volume on a normal day but saw 733565 shares change hands in Tuesday trading. The company now has a market cap of 2.02B USD. Its current market price is $23.96, marking an increase of 0.80% compared to the previous close of $23.77. The 52 week high reached by this stock is $28.99 whilst the lowest price level in 52 weeks is $18.29.
Six Flags Entertainment Corp (SIX) has a 20-day trading average at $24.79 and the current price is -17.35% off the 52-week high compared with 31.00% distance from its 52-week low. The 50-day simple moving average of the closing price is $25.14 and its 200-day simple moving average is $23.94. If we look at the stock’s price movements over the week, volatility stands at 3.41%, which decreases to 2.82% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 41.57 to suggest the stock is neutral.
The consensus objective for the share price is $29.70, suggesting that the stock has a potential upside of 19.33% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 18, 2024 when B. Riley Securities upgraded the stock to “Buy” and issued a price target of between $30 and $31. B. Riley Securities downgraded the stock to “Neutral” from Buy on February 05, 2024 at a price target of $30. Morgan Stanley upgraded its price target at $29-$32.
Six Flags Entertainment Corp (SIX) stock is down -1.52% over the week and -5.48% over the past month. Its price is -4.47% year-to-date and 1.83% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/31/2023, with the company’s earnings per share (EPS) of -0.84 above consensus estimates by 0.01. The company’s next earnings report forecasts estimating quarterly EPS at -0.9 and 1.79 for whole year. Expected sales for next quarter are $472.96M, which analysts say will come at $1.51B for the current fiscal year and next year at $1.58B. In addition, estimates put the company’s current quarterly revenue at an average of $138.19M.
To reach the target analysts have set, the stock logically needs to grow 19.33 percent from here.
The company has a return on investment of 2.81%. The price to earnings ratio (P/E ratio) amounts to 52.20 while the forward price to earnings ratio is 10.98. The beta has a value of 2.20. Price to sales ratio is 1.41.
